Where Will Nikola Stock Be in 5 Years?
Many investors dream of betting on a low-priced penny stock that can deliver multibagger returns when its fortune improves. With a current share price of just $0.64, Nikola (NASDAQ: NKLA) seems to have that potential.
But sometimes cheap stocks are cheap for a reason. Let's discuss what the next five years could have in store for this embattled electric automaker.
Nikola shares hit public markets through a merger with a special purpose acquisition company (SPAC) -- a type of investment vehicle that allows stocks to list without the more rigorous standards of a traditional IPO. The company rode a wave of industry hype generated by rival , and its goal of developing semi-trucks that run on hydrogen fuel cells.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 73 Buy predictions and 29 Sell predictions.
With a target price of 245 € there is a positive potential of 21.08% for Tesla Inc compared to the current price of 202.35 €.